Envestnet Portfolio Solutions Inc. Sells 7,289 Shares of Salesforce Inc. $CRM

Envestnet Portfolio Solutions Inc. decreased its position in Salesforce Inc. (NYSE:CRM) by 17.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,436 shares of the CRM provider’s stock after selling 7,289 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Salesforce were worth $9,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Coign Capital Advisors LLC increased its stake in Salesforce by 1.7% in the 1st quarter. Coign Capital Advisors LLC now owns 2,183 shares of the CRM provider’s stock worth $586,000 after purchasing an additional 37 shares during the period. Staley Capital Advisers Inc. grew its stake in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock worth $897,000 after purchasing an additional 38 shares during the period. KDT Advisors LLC grew its stake in Salesforce by 4.1% in the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares during the period. Liberty One Investment Management LLC grew its stake in Salesforce by 1.2% in the first quarter. Liberty One Investment Management LLC now owns 3,165 shares of the CRM provider’s stock worth $849,000 after purchasing an additional 39 shares during the period. Finally, First Command Advisory Services Inc. grew its stake in shares of Salesforce by 7.3% in the first quarter. First Command Advisory Services Inc. now owns 572 shares of the CRM provider’s stock worth $154,000 after acquiring an additional 39 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Trading Up 2.9%

Shares of NYSE CRM opened at $248.77 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $244.61 and a two-hundred day simple moving average of $258.49. The firm has a market cap of $236.83 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. Salesforce Inc. has a twelve month low of $226.48 and a twelve month high of $369.00.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.Salesforce’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 17th. Salesforce’s payout ratio is 24.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRM shares. Royal Bank Of Canada cut their target price on Salesforce from $275.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Citigroup increased their target price on Salesforce from $275.00 to $276.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. decreased their price objective on Salesforce from $380.00 to $365.00 and set an “overweight” rating on the stock in a research note on Thursday, September 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Salesforce in a research note on Thursday, September 4th. Finally, Stifel Nicolaus cut their target price on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Twenty-six investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $331.89.

Insider Activity

In related news, Director David Blair Kirk bought 3,400 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were bought at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director directly owned 3,824 shares of the company’s stock, valued at approximately $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $240.34, for a total value of $540,765.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at approximately $2,862,826,974.14. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,500 shares of company stock worth $19,049,130 in the last quarter. 3.00% of the stock is owned by insiders.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.